Featured
Oman’s real estate sector transactions reach OMR269mn in two weeks

Oman’s total value of real estate sector transactions reached OMR269mn in the 15 days of July and August. The traded value of property was recorded as being at OMR 135mn.
A Ministry of Housing statement added that for the period of July 14-18, the traded value of property was around OMR52mn with sale transactions going over OMR15mn and mortgage transactions recording about OMR36mn.
READ: Oman’s Real Estate, Boom or Bust?
The traded value of property for the period of July 21-25 was over OMR29mn, sale transactions recorded nearly OMR11mn and over OMR18mn for mortgage transactions. From July 28 to August 1, the traded value of property was nearly RO54mn, sale transactions at more than RO17mn and over RO37mn for mortgage transactions. North and South Batinah governorates recorded highest sales transactions during that period.
Traded value of property registered a decline of 12% with its value recording a OMR1.2bn till end of June this year as compared to the same period in 2018.
Meanwhile, an Oxford Business Group report for the country stated, “Positive forecasts for the real estate market are supported by Oman’s broader economic recovery, and the IMF projects that national GDP will expand by 1.9% in 2018 and 5% in 2019.
-
Banking & Finance4 days ago
Oman Arab Bank Announces Increase of Authorised Capital to RO500mn and Paid‑In Capital Boost of RO50mn
-
OER Magazines2 months ago
OER, April 25
-
Renewables1 month ago
Jindal Renewables and OQ Alternative Energy Sign Joint Development Agreement to Advance Integrated Renewable Power Projects in Oman
-
Business2 months ago
St. Petersburg International Economic Forum 2025 unveils its Business Programme
-
Leaders Speak1 month ago
OERLive SPOTLIGHT: Oman Sustainability Week 2025 and Oman Petroleum & Energy Show
-
Alamaliktistaad Magazines1 month ago
Al-Iktisaad, May 25
-
OER Magazines1 month ago
OER, May 2025
-
Bahrain3 days ago
SPIEF 2025 focused on global and regional economic processes, market transformation, new tech, investment climate, financial policy and people
You must be logged in to post a comment Login